Question

KTM (www.KTM.com), Polaris, and Arctic Cat are competitors in the global marketplace. Key comparative figures for each company follow.

* EUR thousands for KTM. † $ thousands for Polaris and Arctic Cat.Required 1. Rank the three companies (highest to lowest) based on the gross margin ratio. 2. Which of the companies uses a multiple-step income statement format? (These companies’ income statements are in AppendixA.)